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Opened in Asia toward the middle of......>

DOLLAR-YEN
DOLLAR-YEN: Opened in Asia toward the middle of the Y113.37 to Y113.76 range
witnessed yesterday, where upbeat US economic data underpinned the greenback.
NFIB small business optimism rose from 103.8 in October to 107.5 in November,
the highest reading since 1983. Japanese Machinery Orders for October (2350GMT)
provides the event risk for the Asia session, expectations are for a rise of
2.9% m/m. Regional equities markets will also be garnered for direction, Nikkei
futures were last up 0.26%. In option space, expiries for today at Y113.50
($1.41bn) and Y114.00($965mn), may act to contain the near-term range.
Resistance at Y113.81 is proving stubborn, the level marks 76.4% fib retracement
on Y114.73-Y110.84 decline, while hourly trend-line support is located just
below Y113.40.

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